IRA trusts provide important estate planning benefits. The trust allows distributions to be extended over time to reduce tax liabilities while the trust assets’ value growstax free during the beneficiaries’ lifetime. IRA trusts also provide asset protection from creditors or divorce.

The IRA trust, set up as the beneficiary of an IRA account, must adhere to specific rules from the time the trust is created and must stay in compliance with changes in IRA rules. Counsel and tax advisors must also understand the minimum distribution rules that play a role in the estate planning process.

Listen as our authoritative panel of estate planning attorneys discusses best practices for maximizing the benefits of IRA trusts, identifies the advantages of these trusts, explains drafting techniques, and reviews minimum distribution rules.

Outline

Advantages of IRA trusts

Asset protection benefits

Tax savings benefits

Minimum distribution rules and rules applicable to IRAs

Structuring IRA trusts

Benefits

The panel will review these and other key issues:

What are the minimum distribution rules that must be complied with when using IRA trusts?

What are the tax savings benefits of IRA trusts?

What asset protection benefits are available through IRA trusts?

Learning Objectives

After completing this course, you will learn the minimum distribution rules that must be complied with when using IRA trusts in estate planning for clients, the tax savings benefits of IRA trusts, and asset protection benefits available through IRA trusts.

Faculty

Salvatore J. LaMendola, MemberGiarmarco Mullins & Horton, Troy, Mich.Mr. LaMendola specializes in charitable planning and planning for retirement plan benefits. He is the editor of the firm’s E-Update, a monthly publication that summarizes several recent developments of interest to estate planners. He is also the assistant editor of the firm’s Newsletter, a quarterly publication that contains several articles on estate planning, business succession planning and charitable planning topics. He has been a member of the firm since 1996 and of the State Bar of Michigan since 1994.

This program has been approved for 1.5 CPE hours through Strafford Publications. CPE Credit is available only for the LIVE webcast. Recorded versions do not qualify for credit.

Strafford is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.

Processing

To obtain CPE credit, attendees must participate in the live event, return an Official Record of Attendance to Strafford affirming their participation (including the CPE code announced during the program), and pay a processing fee of $35 per person.

Credit Confirmation

Strafford will mail a certificate of credit within approximately 2 weeks of receiving an attendee's completed Official Record of Attendance—provided all required conditions have been satisfied.

Delivery

Handout materials and the phone number for live presentations are made available to you 1 day prior to the event via email from the presenter. Copies of the presentations are included with recorded versions.

If you order a recorded version of the webinar, CD's will be mailed out approximately 10 days after the live event. Shipping is included in the price of recorded versions.